Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Drop in Short Interest

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 32,273,744 shares, a decrease of 36.3% from the November 30th total of 50,643,014 shares. Based on an average daily trading volume, of 76,589,833 shares, the short-interest ratio is currently 0.4 days. Currently, 8.6% of the shares of the company are short sold. Currently, 8.6% of the shares of the company are short sold. Based on an average daily trading volume, of 76,589,833 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UBS Group AG raised its holdings in Direxion Daily TSLA Bull 2X Shares by 9.0% during the third quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock valued at $167,473,000 after acquiring an additional 654,265 shares during the period. Flow Traders U.S. LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at $13,256,000. Simplex Trading LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 199.8% in the 2nd quarter. Simplex Trading LLC now owns 816,632 shares of the company’s stock valued at $9,644,000 after acquiring an additional 544,253 shares during the last quarter. Simplify Asset Management Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $6,359,000. Finally, Scientech Research LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth $2,211,000.

Direxion Daily TSLA Bull 2X Shares Stock Up 1.2%

NASDAQ:TSLL traded up $0.24 during mid-day trading on Tuesday, hitting $20.23. 40,519,119 shares of the company traded hands, compared to its average volume of 149,223,531. Direxion Daily TSLA Bull 2X Shares has a one year low of $6.29 and a one year high of $31.69. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The stock’s fifty day moving average price is $19.85 and its 200-day moving average price is $16.31.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a $0.1122 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, December 23rd.

About Direxion Daily TSLA Bull 2X Shares

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.